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Americans' net worth up for 2nd straight quarter
WASHINGTON - Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.
Source:(AP)
2009-12-10
Deutsche Bank strikes billion-euro takeover deal
FRANKFURT (AFP) - Germany's biggest lender Deutsche Bank has struck a deal to buy Sal. Oppenheim, a Luxembourg-based private banking group, for 1.0 billion euros (1.5 billion dollars), Deutsche Bank said on Wednesday.
Nations:Luxembourg Source:(AFP)
2009-10-28
UBS to sell Paine Webber but not yet: report
ZURICH (Reuters) - UBS AG's (UBS.N) (UBSN.VX) U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.
Nations:Switzerland Source:(Reuters)
2009-09-29
Wealth Summits Keep Financial Plans in Line
Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues.
Nations:U.S. Source:(BusinessWeek)
2009-09-25
UBS sees 35 percent drop in hedge fund assets
SINGAPORE (Reuters) - Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a UBS executive said on Tuesday.
Source:(Reuters)
2009-02-17
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